First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Sharp Drop in Short-Term Interest

The First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Rating) saw a sharp decline in short-term interest in October. As of October 31, there was short interest totaling 55,300 shares, down 24.5% from the total of 73,200 shares as of October 15. Based on an average daily volume of 331,100 shares, the short interest ratio is currently 0.2 days.

First Trust Tactical High Yield ETF Share Performance

NASDAQ:HYLS shares were up $0.09 during Friday trading hours, hitting $39.61. 96,002 shares of the company were traded, compared to its average volume of 362,598. The First Trust Tactical High Yield ETF has a 52-week low of $38.07 and a 52-week high of 48.02 $. The company’s fifty-day simple moving average is $39.38 and its two-hundred-day simple moving average is $40.57.

First Trust Tactical High Yield ETF Cuts Dividends

The company also recently disclosed a monthly dividend, which was paid on Monday, October 31. Shareholders of record on Monday, October 24 received a dividend of $0.205 per share. The ex-dividend date was Friday, October 21. This represents an annualized dividend of $2.46 and a dividend yield of 6.21%.

Hedge funds weigh on the First Trust tactical high-yield ETF

Major investors have recently changed their positions in the company. CENTRAL TRUST Co bought a new stake in shares of First Trust Tactical High Yield ETF in the first quarter for a value of approximately $27,000. Archer Investment Corp bought a new stake in shares of First Trust Tactical High Yield ETF in the first quarter for a value of approximately $31,000. Financial Connections Group Inc. bought a new stake in shares of the First Trust Tactical High Yield ETF in the second quarter for a value of approximately $32,000. Ronald Blue Trust Inc. bought a new stake in shares of the First Trust Tactical High Yield ETF in the third quarter worth approximately $39,000. Finally, Private Trust Co. NA bought a new stake in shares of First Trust Tactical High Yield ETF in the second quarter for a value of approximately $47,000.

Further reading

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